🏢 Keys to the City: 2444 Eglinton East Set to Become Ontario’s Largest Co-op Housing Community

Scarborough is about to become home to the largest co-operative housing development Ontario has seen in over 25 years. Located at 2444 Eglinton Avenue East, this major new community will deliver approximately 918 homes, including 612 Co-op units, as part of the City of Toronto’s bold Housing Now Initiative.

The development—led by Civic Developments, Windmill Developments, and the Co-operative Housing Federation of Toronto—will transform this 2.4-acre site next to the Kennedy Mobility Hub into a vibrant, mixed-income community featuring a range of housing options, ground-floor retail, and community amenities.

What’s Coming: A Mixed-Income, Transit-Oriented Community

The housing mix includes:

• 612 Co-op (a blend of rent-geared-to-income, affordable, and market-controlled rent)

• 306 market condominium units

• A range of studio, one-bedroom, two-bedroom, and three-bedroom apartments

• 3,580 sq. ft. of community space

• 12,770 sq. ft. of retail space

Thirty-three percent of affordable homes and 15 percent of market units will be accessible, offering real inclusivity in unit design.

All three buildings are designed for sustainability and walkability, with integrated public spaces and direct access to TTC subway, GO Transit, and the Eglinton Crosstown LRT.

A Co-op Model for the Future

At the core of this project is the co-operative housing model, which will allow residents to own and operate their buildings through democratically elected boards. This approach empowers tenants, keeps rents below market, and creates long-term stability.

Rents for co-op homes will range from 40 to 100% of the CMHC’s Average Market Rent, making them affordable to a wide range of incomes.

A Housing Now Milestone

The project at 2444 Eglinton East represents a significant milestone for Toronto’s Housing Now Initiative, which was launched in 2019 to unlock City-owned land for affordable rental development. The City approved $40 million in land value and incentives to help bring this project to life—including property tax exemptions, waived fees, and zoning support.

This is just one part of the broader HousingTO 2020–2030 Action Plan, which aims to create 65,000 rent-controlled homes over the next decade.

Voices of Leadership

“This will be the largest co-operative housing development in Ontario to date and will serve as a roadmap to help guide future developments.”
— Mayor Olivia Chow

“The added density from this housing project ensures the City is optimizing the value of its land and will feed the transit infrastructure needed to better serve our residents.”
— Councillor Michael Thompson (Scarborough Centre)

“I’m incredibly pleased that such an impressive team of partners will be delivering much-needed housing on this site.”
— Vic Gupta, CEO, CreateTO

Timeline & Next Steps

• Zoning amendment process underway

• Site plan approval expected later this year

• Construction anticipated to begin by late 2025, with phased occupancy beginning in 2028

As Toronto continues to face an affordable housing crisis, this development sets a new bar—not just for scale, but for innovation in community-driven housing.

📘 Keys to the City is GTA Weekly’s weekly look at affordable housing in the Greater Toronto Area—because every resident deserves a place to call home.
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